Reported about 1 month ago
Cathie Wood, CEO of Ark Investment Management, recently purchased $4 million worth of Amazon shares as part of her strategy to stabilize her riskier funds. Despite mixed opinions on her investment prowess, Wood remains committed to emerging tech companies, believing they will revolutionize industries. While her Ark Innovation ETF has faced challenges and a significant dip in investments, she continues to advocate for disruptive innovations, especially with the potential growth from AI and the upcoming holiday retail season.
Source: YAHOO